A primary goal of the funnel is to ferret out the best innovations by winnowing them through a series of stage gates that reduce risk. The reality is often very different. Driven by risk aversion and poor risk management capabilities, the process often weeds out big ideas in favor of small ones. Decision-making bodies often send back proposals for additional research and work, creating time- … [ Read more ]
Content: Quotation | Authors: Adi Alon, Kenneth Hooper, Wouter Koetzier | Source: Accenture | Subjects: Innovation, Risk Management
Venture capital firms typically create a portfolio of investments and manage them through the insights gleaned from the results of each. These firms often know in advance that most experiments will fail. They are often able to use their growing knowledge to double down on promising avenues and leverage the “skill to kill” to move away from investments that aren’t panning out. They understand that … [ Read more ]
Content: Quotation | Authors: Adi Alon, Kenneth Hooper, Wouter Koetzier | Source: Accenture | Subjects: Finance, Innovation, Management
If organizations are to achieve and sustain high performance, they need to regard innovation as a business discipline, and then manage and execute it accordingly—as an end-to-end process, from insight development to idea generation to development to marketplace launch.
Content: Article | Authors: Adi Alon, Daniel D. Chow | Source: Outlook Journal (Accenture) | Subject: Innovation